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Bladewake Totality Base of LiteratureInternational Unequal Exchange

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*Unequal exchange is an important concept in World Systems Approach
*Peripheral products", which have low labour costs, are exchanged with "core-like products", which have high labour costs, and the result is an unequal exchange that sends disproportionate "surplus value" to the Core
*As a result of wage differences between the core and peripheral workers, some measure of the surplus value extracted from workers in the periphery is transferred, under the guise of "international trade", to capitalists in the core. Such exchanges have always been in favour of the core
*unequal exchange means that the Periphery is always the loser when it comes to trade (fair trade is about trying to stop this but remains a joke because it avoids the real issue by developing fair trade with inconsequential goods only, when the real manner of the fraud I am addressing concerns products crucial to the industrial might and arms of nations)

More detail at: http://baseofliterature.blogspot.com/2010/06/unequal-exchange-in-world-systems.html


This movie is part of the collection: Ourmedia

Producer: Bladewake Totality Base of Literature
Keywords: inequality; World-Systems Theory; Wallerstein; Third World; racism; axial division of labour; capitalist; capitalism

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